About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

ESMA Approves DTCC as SFTR Trade Repository

Subscribe to our newsletter

DTCC’s Global Trade Repository (GTR) service is now approved for SFT reporting after an announcement last week by ESMA extended registration approval to four new trade repositories including the DTCC Derivatives Repository, along with the LSE’s UnaVista TRADEcho, Krajowy Depozyt Papierów Warto?ciowych, and REGIS-TR.

The SFT will be offered out of DTCC’s European trade repository, DDRL.

“We’re pleased with this decision,” says Val Wotton, Managing Director, Repository & Derivatives Services at DTCC. “With less than three months remaining before SFTR’s implementation deadline for banks, investment firms, CCPs and CSDs, we are encouraged by the level of their preparations. We look forward to continuing to work with our community in support of their regulatory reporting efforts.”

In February, DTCC reported that its SFTR community had topped 160 firms, split between around 30 vendors and 138 financial services firms including Barclays, Goldman Sachs, Franklin Templeton, J.P. Morgan, PIMCO, SEB, and Societe Generale. The firm opened industry-wide user-acceptance testing (UAT) for SFTR back in October 2019 so that users could benefit from an extended period of testing, increasing their levels of preparedness for regulatory compliance from day one. Since then, additional phases have rolled out including UAT with final XML schemas and validations rules.

Implementation of the regulation’s initial reporting deadlines, originally scheduled for April, was in March pushed back three months to 13 July in response to the global coronavirus pandemic.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Navigating a Complex World: Best Data Practices in Sanctions Screening

As rising geopolitical uncertainty prompts an intensification in the complexity and volume of global economic and financial sanctions, banks and financial institutions are faced with a daunting set of new compliance challenges. The risk of inadvertently engaging with sanctioned securities has never been higher and the penalties for doing so are harsh. Traditional sanctions screening...

BLOG

Complex Sanctions Environment Demands Powerful Screening Monitors: SIX Report

Sanctions screening technology has never been more important for financial institutions as new geopolitical and economic threats create the riskiest trading environment in recent history. That is the key finding of a new report, that highlights the need for greater resilience among organisations to the raised threat level faced by the global financial system. In...

EVENT

RepRisk Sustainability Breakfast Roundtable London

The London sustainability breakfast is part of the global roundtable thought leadership event series hosted by RepRisk in key markets, including, New York, Toronto, London, Frankfurt, Oslo, Copenhagen, Stockholm, Hong Kong and Singapore in 2026.

GUIDE

Tackling the Data Management Challenges of FATCA

As the July 1, 2014 deadline for compliance with the Foreign Account Tax Compliance Act – or FATCA – approaches, financial institutions around the world are working to ensure their data management and operational systems will meet the requirements of the US legislation. This report discusses the requirements of FATCA and how the legislation is...